Presidio Property Trust, Inc. (NASDAQ: SQFT) announced on September 2, 2026, the commencement of an exchange offer. The company is offering to exchange any and all outstanding shares of its 9.375% Series D Cumulative Redeemable Perpetual Preferred Stock for newly issued shares of its Series A Common Stock.
Under the terms of the offer, participating holders will receive 5.5 shares of Common Stock for each share of Series D Preferred Stock validly tendered, not validly withdrawn, and accepted prior to 11:59 p.m., New York City time, on October 2, 2026. The Exchange Offer will expire on that date unless extended or earlier terminated by the company.
As of September 2, 2026, a total of 973,736 shares of Series D Preferred Stock were outstanding. The company stated that the Exchange Offer will not be contingent upon any minimum number of shares being tendered or any financing conditions, though it will be subject to other conditions.
Regarding fractional shares, the company will not issue fractional shares of Common Stock. If a fractional share would otherwise be issuable, the number of shares issued to a participating holder will be rounded up to the nearest whole number at the participant level. The company noted that brokers or nominees may establish earlier deadlines for participation or withdrawal.
The exchange offer is being conducted pursuant to a registration statement on Form S-4 filed with the SEC on August 7, 2026, as amended on August 21, 2026. The registration statement was declared effective by the SEC on September 2, 2026, at 9:00 a.m. Eastern Time. The final Prospectus and a Schedule TO have also been filed with the SEC.
Broadridge Corporate Issuer Solutions, LLC is acting as the information agent and exchange agent. Investors may obtain free copies of the Prospectus, Schedule TO, and other documents through the SEC’s website at www.sec.gov or by contacting Broadridge at shareholder@broadridge.com or 888-789-8409.
